The World This Hour - The World This Hour for 2025/08/29 at 04:00 EDT

Episode Date: August 29, 2025

The World This Hour for 2025/08/29 at 04:00 EDT

We are gathered here today to celebrate life's big milestones. Do you promise to stand together through home purchases, auto-upgrades, and surprise dents and dings? We do. To embrace life's big moments for any adorable co-drivers down the road. We do. Then with the caring support of Desjardin insurance, I pronounce you covered for home, auto, and flexible life insurance. For life's big milestones, get insurance that's really big on care at Dejardin.com slash care. from cbc news the world this hour i'm neil kumar the u.s tariff exemption on orders of less than

eight hundred dollars called the de minimis exemption ends today a six-month transition period will begin during which people can opt to pay a flat duty between eighty dollars and two hundred dollars depending on the country of origin white house trade advisor peter navarro says the change will bring in about ten billion dollars in additional revenues for the u.s government An update now in Wednesday's deadly school shooting in Minneapolis. Officials are going through hundreds of pages of the shooter's notes, trying to find a motive. Two children were killed, and five others are still recovering in hospital. Acting U.S. Attorney Joe Thompson suggests the shooter was motivated by other school shootings.

More than anything, the shooter wanted to kill children, defenseless children. The shooter was obsessed with the idea of killing children. The shooter saw the attack as a way to target. are most vulnerable among us while they were at their most vulnerable at school and at church. The shooter is not being monitored by the FBI or other authorities, meaning they were able to acquire the rifle, shotgun, and pistol used in the attack. We'll get a snapshot of how the Canadian economy is doing this morning when the gross domestic product numbers come out for the second quarter of this year.

Economists are divided as to whether there will be a boost to the economy or a contraction. Philip de Metungney has more. Canadian GDP expanded by 2.2% in the first three months of the year, largely due to a surge in exports ahead of U.S. tariffs. Now, for the next three months, the second quarter of 2025, economists are forecasting much more timid growth at about 0.2%. Some think we've even slipped into a slight contraction, like Jimmy Jean, chief economist at Desjardin.

It's pretty weak overall. I think there's a consensus around the fact that the Canadian economy will suffer. Coupled that with softening inflation and with most of Canada's counter tariffs coming off next month, Jean says it sets the stage for the Bank of Canada to lower its key interest rate. I think it will put them in a position of being more comfortable with enacting a rate cut. The Bank of Canada expects growth to pick up to about 2% over the second half of 2025. Philippe de Monsingey, CBC News, Toronto. Foreign Affairs Minister, Anita Anand, has appointed Canada's new High Commissioner to India.

Veteran diplomat Christopher Cudor gets the job nearly a year after both countries expelled their top envoys. Relations between Canada and India have been strained since Canadian police accused New Delhi of being involved in the 20-23 murder of a Sikh activist near Vancouver. Officials in Nova Scotia say 20 homes have been destroyed by the out-of-controlled Long Lake wildfire in the Annapolis Valley. The welfare grew from 300 hectares to more than 8,000 hectares in less than two weeks, forcing more than 1,000 people from their homes, some of whom now have nowhere to go. Nicholas Sagan has the latest. Still in a bit of a shock at the moment. Just two weeks away from welcoming their first child, Megan Yelland and Michael Zeman have no house to bring the baby home to. The home they moved into less than a year ago and set up a nursery in destroyed by the Long Lake Wildfire,

which now covers more than 82 square kilometres in the west of the province. The couple got the call from officials earlier this week. They said we need to see you tomorrow, and I just called him a mess saying it's gone. Provincial officials say 20 homes were destroyed Sunday as hot, dry weather and strong winds pushed the fire to double in size. The province has announced financial support for evacuees, but many in the community are demanding more answers about where they can. live while they rebuild. Nicholas Sagan, CBC News, Halifax.

And that is your world this hour. Remember, you can listen to us wherever you got your podcast. We update every hour, 70s week, or for news anytime, you can visit our website, cbcnews.a. For CBC News, I'm Neil Kumar. Thank you.